How Fastly (FSLY) Makes Money: A Visual Guide

Fastly (FSLY) generated $624.02M in revenue (TTM through Q4 2025) but reported a net loss of $121.68M. Its largest revenue source is Network Services (76.6% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Fastly (FSLY) Income Statement Flow

Frequently asked questions

How does Fastly (FSLY) make money?

Fastly (FSLY) primarily makes money through Network Services, which accounts for 76.6% of total revenue. For TTM through Q4 2025, Fastly generated $624.02M in total revenue with a net profit margin of -19.5%.

What is Fastly (FSLY) gross profit margin?

Fastly (FSLY) reported a gross profit margin of 56.3% for TTM through Q4 2025, equivalent to $351.40M in gross profit. This means Fastly retains 56.3% of each revenue unit after direct costs of production.

What is Fastly (FSLY) operating profit margin?

Fastly (FSLY) reported an operating profit margin of -19% for TTM through Q4 2025, equivalent to −$118.36M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Fastly (FSLY) net profit margin?

Fastly (FSLY) reported a net profit margin of -19.5% for TTM through Q4 2025, equivalent to −$121.68M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Fastly (FSLY) invest in R&D?

Fastly (FSLY) invested $162.66M in research and development in TTM through Q4 2025 (26.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Fastly (FSLY) spend on capital expenditures?

Fastly (FSLY) spent $33.40M on capital expenditures in TTM through Q4 2025 (5.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Fastly (FSLY) free cash flow?

Fastly (FSLY) generated $61.04M in free cash flow for TTM through Q4 2025 (9.8% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.